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What is inter bank participation certificate?
Inter Bank Participation Certificates (IBPCs) bought by banks, on a risk sharing basis, shall be eligible for classification under respective categories of priority sector, provided the underlying assets are eligible to be categorized under the respective categories of priority sector and the banks fulfill the Reserve Bank guidelines on IBPCs.
What is Classification of banks on the basis of ownership?
classification of banks on the basis of ownership consist the following branches 1) public bank 2)private bank 3)nationalize bank 4)statutory bank 5)chartered bank
If a customer deposits 10000 into a bank how much money would the bank be capable of lending to an eligible loan applicant if this bank retains 20 percent of the deposit to cover withdrawals?
If a customer deposits $10,000 into a bank and the bank retains 20% to cover withdrawals, it will keep $2,000. This means the bank can lend out the remaining 80%, which is $8,000. Therefore, the bank would be capable of lending $8,000 to an eligible loan applicant.
What if a customer deposits 10000 into a bank how much money would the bank be capable of lending to an eligible loan applicant if this bank retains 20 percent of the deposit to cover withdrawals?
If a customer deposits $10,000 into a bank and the bank retains 20% to cover withdrawals, it will hold $2,000 in reserve. This means the bank can lend out the remaining $8,000. Therefore, the bank would be capable of lending $8,000 to an eligible loan applicant.
If a customer deposits $10000 into a bank how much money would the bank be capable of lending to an eligible loan applicant if this bank retain 20 percent of the deposit to cover withdrawals?
If a customer deposits $10,000 into a bank and the bank retains 20% to cover withdrawals, it will hold onto $2,000. This means the bank can lend out the remaining $8,000 to eligible loan applicants. Therefore, the bank would be capable of lending $8,000 from that deposit.
What was set up in india on the basis of the recommedations of the hilton young commission?
The Reserve Bank of India was set up in india on the basis of the recommedations of the hilton young commission.
What is inter bank participation certificate?
Inter Bank Participation Certificates (IBPCs) bought by banks, on a risk sharing basis, shall be eligible for classification under respective categories of priority sector, provided the underlying assets are eligible to be categorized under the respective categories of priority sector and the banks fulfill the Reserve Bank guidelines on IBPCs.
Why bank account is debited when commission is received?
commission is an asset
What is the journal entry for advanced commission?
If Advance Commission paid: [Debit] Prepaid Commission xxxx [Credit] Cash/Bank xxxx If advance commission received: [Debit] Cash/Bank xxxx [Credit]Unearned Commission xxxx
What is the journal entry for commission paid?
Debit Commission expense Credit Cash / bank
What is journal entry for commission paid?
debit commission expensecredit cash / bank
You owe the bank 400 Are you eligible to join the army?
Yes
What is the journel entry for commission paid?
Commission Paid A/c Dr To Cash/Bank A/c Cr
What is Classification of banks on the basis of ownership?
classification of banks on the basis of ownership consist the following branches 1) public bank 2)private bank 3)nationalize bank 4)statutory bank 5)chartered bank
What commission is governed money supply?
Reserve Bank of India
Who pays commission to DSA in bank loans?
Respective Banks
What will be the journal entry if you received net commission after deducting prev month gross commission?
The journal entry for receiving commission is as follows: Cash/Bank [Debit] XXXX Commission[Credit] XXXX
